Date Closed

February 11, 2008

Lead Office

Toronto

On February 11, 2008, Glacier Credit Card Trust, as issuer, Canadian Tire Bank, as seller, and an underwriting syndicate led by BMO Nesbitt Burns Inc. and Scotia Capital Inc. and including CIBC World Markets Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc. and TD Securities Inc., closed a C$634.9 million public securitization. The notes issued by the trust were backed by a pool of credit card receivables originated by or assigned to Canadian Tire Bank, a direct wholly-owned subsidiary of Canadian Tire Financial Services Limited and an indirect, wholly-owned subsidiary of Canadian Tire Corporation, Limited.

McCarthy Tétrault LLP represented Glacier Credit Card Trust and Canadian Tire Bank with a team led by Marc MacMullin.